Methodology
To create a responsive, economical tax program for your company, Commercial Tax Network will select and pursue a course from the following steps:
- Conduct personal, on-site inspection of your physical facilities.
- Determine from public records the appraisal method and data employed by the local taxing authority in assessing your property.
- Analyze your company's financial and appraisal records to discover possible multiple assessments.
- Examine appraisal methods ensuring you are receiving maximum depreciation advantages.
- Determine assessments on comparable properties for application of equal and fair standards by taxing authorities.
- Create appeal summaries for presentation to assessing authorities based on reasonable calculation of market, cost and income basis for values, and comparable assessments.
- Inspect properties for economic and physical obsolescence.
- Examine inventory values for maximum allowable credits.
- Prepare, sign and file personal property and/or real estate tax returns on your behalf.
- Conduct active, personal negotiation of values with local tax assessing authorities.
- Appeal unfair valuations and make personal presentations of data to Review Boards.
- Recommend legal counsel to appeal unfair evaluations when warranted.
- Secure proper tax statements, audit according to the approved program and authorize for payment.
- Analyze and report major changes in tax liabilities of individual properties.
- Assist you in estimating taxes on proposed new properties upon request.
- Provide estimates of all taxes for accrual purposes.
- Prepare annual reports comparing the current year's tax assessments with prior years, documenting your tax savings and projecting recommendations for future years.